Orrick Advises Veolia on $1.25 Billion Sale of its U.S. District Energy Assets to Antin

July.31.2019

Orrick has advised France-based Veolia on the $1.25 billion sale of its U.S. district energy assets to private equity firm Antin Infrastructure Partners. The portfolio consists of steam, hot and chilled water and electricity production plants, including cogeneration, and 13 networks in 10 U.S. cities. The transaction is subject to regulatory approval and is expected to close in the fourth quarter of 2019.

The Orrick deal team was led by King Milling and Joe Roger and included Adam Kowis, Joe Lawlor, Jessica Sewell and Ayla Vilander. Additional assistance provided by John Narducci, Jamie Larkin, Jason Flaherty, Bob Lawrence, Sue Cowell, Adam Wenner, Cory Lankford, Amy Ray, Diana Gillis, Harry Clark, Greg Hume, Milana Karayanidi, Darrell Thomas, Brad Breen, David Lin, Jonathan Lopez and Quinn Moss.

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King Milling Partner, Mergers & Acquisitions, Technology Companies Group

New York

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D:+1 212 506 5075
E: [email protected]

Practice:

Life Sciences Sector
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King Milling Partner

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King is a partner in the New York office and a member of the Global Mergers & Acquisitions and Private Equity Group. His practice focuses on domestic and cross-border M&A, joint venture, private equity and venture capital transactions, including negotiated mergers, auction bid processes, distressed asset sales, leveraged buyouts and the acquisition and divestiture of divisions and subsidiaries.

King is experienced in all aspects of Delaware and New York corporate, partnership and limited liability company law. He regularly counsels boards of directors on corporate governance, compliance, fiduciary duty and executive compensation matters.

King represents U.S. and non-U.S. clients in a wide range of industries, including life sciences, technology, energy, consumer products, industrials and manufacturing and financial services.

Joe Roger Partner, Oil & Gas, Renewable Energy

Houston

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D:+1 713 658 6640
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Joe Roger Partner

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As global demand for energy continues to rise and governments, investors and consumers continue to support the decarbonization of the energy industry, Joe has developed a particular focus on advising large multinational energy companies on energy transition issues, including in connection with investment in hydrogen, ammonia, carbon capture and storage, and renewable energy projects and innovations in conventional energy. Joe is a key member of Orrick’s energy transition practice, which was recognized as Band 1 in Energy Transition by Chambers USA (2023).

Joe is recognized by Chambers Global (2023), Chambers USA (2021-2023), The Legal 500 (2018-2021) and Super Lawyers - Rising Stars (2014-2021) for his work on energy transactions. Clients describe him in Chambers as “very responsive, knowledgeable, easy to work with and business-minded” and a “capable and thoughtful transaction leader with a commercial mindset.”